Vanguard Group Inc. Sells 203,343 Shares of American Superconductor Co. (NASDAQ:AMSC)

Vanguard Group Inc. trimmed its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,222,935 shares of the technology company's stock after selling 203,343 shares during the quarter. Vanguard Group Inc. owned 5.63% of American Superconductor worth $54,751,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in shares of American Superconductor by 18.3% in the 3rd quarter. State Street Corp now owns 906,250 shares of the technology company's stock worth $21,388,000 after buying an additional 140,106 shares during the last quarter. Geode Capital Management LLC lifted its stake in American Superconductor by 4.5% in the third quarter. Geode Capital Management LLC now owns 847,412 shares of the technology company's stock worth $20,003,000 after acquiring an additional 36,511 shares during the period. Raymond James Financial Inc. bought a new stake in American Superconductor in the fourth quarter valued at $10,188,000. Charles Schwab Investment Management Inc. boosted its holdings in American Superconductor by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 317,869 shares of the technology company's stock valued at $7,829,000 after acquiring an additional 13,341 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its position in American Superconductor by 0.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company's stock valued at $4,527,000 after purchasing an additional 1,150 shares during the period. 52.28% of the stock is owned by hedge funds and other institutional investors.

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American Superconductor Stock Up 0.4 %

Shares of NASDAQ:AMSC traded up $0.07 during trading on Tuesday, hitting $18.25. The stock had a trading volume of 350,512 shares, compared to its average volume of 1,094,865. American Superconductor Co. has a 12 month low of $11.36 and a 12 month high of $38.02. The company has a market capitalization of $720.15 million, a PE ratio of 260.75 and a beta of 2.58. The firm's fifty day moving average is $22.18 and its 200 day moving average is $25.61.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Equities research analysts expect that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer lifted their target price on shares of American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, February 7th.

About American Superconductor

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.